Yangtze Optical Electronic Co., Ltd. (SHSE:688143) announces a share repurchase program. Under the program, the company will repurchase its own shares for a total of CNY 50 million. The shares will be purchased at a price not exceeding CNY 39.22 per share.

The repurchased shares will be used for the implementation of ESOP or equity incentive plan. If the company fails to implement equity incentives or employee stock ownership plans within three years after the completion of the share repurchase, the unimplemented portion of the shares will be subject to legal be cancelled. The program will be funded from company's own funds.

The program will be valid for 12 months.